Merchandise exports to high-income economies in Small states
Small states: Merchandise exports to high-income economies was 71.5% in 2023. ▼ Falling
Merchandise exports to high-income economies in Small states, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
The most recent figure for merchandise exports to high-income economies in Small states is 71.5%, measured in 2023.
Compared with earlier readings it is down 1.7% on the previous year and down 3.3% over ten years.
Over the whole period, merchandise exports to high-income economies in Small states peaked at 96.6% in 1965 and was at its lowest, 69.5%, in 2020.
That places Small states 9th out of 47 groups with data for 2023, putting it in the top quarter.
The long-run direction has been consistently falling across the 64 years of available data.
Merchandise exports to high-income economies in Small states, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1960 | 95.2% | — |
| 1961 | 94.4% | -0.9% |
| 1962 | 95.6% | +1.3% |
| 1963 | 96.3% | +0.7% |
| 1964 | 96.3% | +0.1% |
| 1965 | 96.6% | +0.3% |
| 1966 | 96.4% | -0.3% |
| 1967 | 88.2% | -8.5% |
| 1968 | 87.9% | -0.3% |
| 1969 | 87.7% | -0.2% |
| 1970 | 95.0% | +8.4% |
| 1971 | 88.0% | -7.4% |
| 1972 | 92.0% | +4.5% |
| 1973 | 93.3% | +1.4% |
| 1974 | 92.1% | -1.2% |
| 1975 | 91.0% | -1.2% |
| 1976 | 92.6% | +1.8% |
| 1977 | 93.7% | +1.1% |
| 1978 | 92.5% | -1.2% |
| 1979 | 92.0% | -0.5% |
| 1980 | 89.6% | -2.6% |
| 1981 | 90.2% | +0.7% |
| 1982 | 91.5% | +1.4% |
| 1983 | 92.3% | +0.9% |
| 1984 | 92.1% | -0.2% |
| 1985 | 90.9% | -1.3% |
| 1986 | 93.1% | +2.4% |
| 1987 | 90.8% | -2.4% |
| 1988 | 90.8% | +0.0% |
| 1989 | 90.8% | -0.1% |
| 1990 | 89.9% | -0.9% |
| 1991 | 88.5% | -1.6% |
| 1992 | 87.6% | -1.0% |
| 1993 | 86.9% | -0.7% |
| 1994 | 87.2% | +0.3% |
| 1995 | 87.5% | +0.3% |
| 1996 | 87.7% | +0.2% |
| 1997 | 86.9% | -0.9% |
| 1998 | 87.4% | +0.6% |
| 1999 | 86.7% | -0.9% |
| 2000 | 84.5% | -2.5% |
| 2001 | 83.2% | -1.5% |
| 2002 | 82.9% | -0.4% |
| 2003 | 83.5% | +0.7% |
| 2004 | 83.1% | -0.5% |
| 2005 | 82.8% | -0.4% |
| 2006 | 80.9% | -2.3% |
| 2007 | 81.2% | +0.4% |
| 2008 | 79.7% | -1.9% |
| 2009 | 79.6% | -0.1% |
| 2010 | 77.2% | -3.0% |
| 2011 | 76.8% | -0.6% |
| 2012 | 76.2% | -0.7% |
| 2013 | 73.9% | -3.0% |
| 2014 | 74.1% | +0.2% |
| 2015 | 71.4% | -3.7% |
| 2016 | 71.9% | +0.8% |
| 2017 | 70.8% | -1.6% |
| 2018 | 69.6% | -1.7% |
| 2019 | 71.2% | +2.3% |
| 2020 | 69.5% | -2.3% |
| 2021 | 72.1% | +3.7% |
| 2022 | 72.7% | +0.9% |
| 2023 | 71.5% | -1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 93.5% | 87.7% | 96.6% | 10 |
| 1970s | 92.2% | 88.0% | 95.0% | 10 |
| 1980s | 91.2% | 89.6% | 93.1% | 10 |
| 1990s | 87.6% | 86.7% | 89.9% | 10 |
| 2000s | 82.1% | 79.6% | 84.5% | 10 |
| 2010s | 73.3% | 69.6% | 77.2% | 10 |
| 2020s | 71.5% | 69.5% | 72.7% | 4 |
Countries ranked near Small states
More private sector data for Small states
- Merchandise trade 70.4% (2025)
- Food imports 16.0% (2024)
- Manufactures imports 60.8% (2024)
- Merchandise imports 141.38 billion current US$ (2025)
- Food exports 19.2% (2024)
- Manufactures exports 43.9% (2024)
- Merchandise exports 100.88 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,958 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2991 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 2.68 % change on previous year (2025)
Frequently asked questions
- What is merchandise exports to high-income economies in Small states?
- Merchandise exports to high-income economies in Small states was 71.5% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to high-income economies recorded in Small states?
- The highest recorded value was 96.6% in 1965.
- What is the lowest merchandise exports to high-income economies recorded in Small states?
- The lowest recorded value was 69.5% in 2020.
- How does Small states rank for merchandise exports to high-income economies?
- Small states ranks 9th out of 47 groups with data for 2023.
- Is merchandise exports to high-income economies rising or falling in Small states?
- Over the last ten years it is down 3.3%. The long-run trend across the full record is falling.
- Where does this Small states data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports to high-income economies (% of total merchandise exports). Statizoid updates them automatically from the source API.
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About this data
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.